Intertainment Media Inc. ("Intertainment" or the "Company") (TSX
VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that it has
extended the expiry date of an aggregate of 9,880,136 common share purchase
warrants originally issued on September 14, 2011 (the "Warrants"). The expiry
date of the Warrants has been extended from May 13, 2013 to June 17, 2013. This
amendment to the Warrants is subject to the approval of the TSX Venture
Exchange. 


Also, further to the press release of the Company dated March 7, 2013, the
Company has amended the exercise price of the Warrants from $2.00 to $0.13
effective May 9, 2013. The Warrants were also amended to include a provision
that if the closing price of the common shares exceeds $0.16 on the TSX Venture
Exchange for 10 consecutive days of trading at any time, after the amendment
date, the exercise period will be reduced to 30 days commencing on the seventh
calendar day following the tenth such trading. These amendments to the terms of
the Warrants have been accepted by the TSX Venture Exchange. 


All other terms of the Warrants remain the same. Warrantholders are advised that
replacement Warrant certificates will not be issued and that the original
Warrant certificates must be presented to the Company in order to effect the
exercise or transfer of such Warrants. Warrantholders that have not provided the
Company their written consent to the exercise price and accelerated expiry date
amendments should contact the Company prior to exercise of their Warrants. 


About Intertainment - www.intertainmentmedia.com

Intertainment is one of Canada's leading technology incubators and is focused on
developing, nurturing and investing in both North American and global
technologies and companies that provide technology solutions for brands and
consumers alike. Intertainment also owns and operates a number of key properties
including Ortsbo, Deal Frenzy, The Sweet Card and Magnum, with investments in
leading edge technologies and social media platforms including theaudience.com,
capthat.com and Yappn.com. For more information on Intertainment and its
properties, please visit www.intertainmentmedia.com.


Intertainment is headquartered in the Toronto, Canada region, with offices in
New York, Los Angeles and San Mateo, CA and is listed on the TSX Venture
Exchange under the symbol "INT" (TSXV:INT) and in the US on the OTCQX Market
under the symbol "ITMTF". Intertainment is also traded in Europe on the Open
Market (Regulated Unofficial Market) of the Frankfurt Exchange through the XETRA
trading platform under the symbol "I4T".


Forward Looking Information

This news release contains certain "forward-looking information" within the
meaning of such statements under applicable securities law, including statements
relating to the expected use of proceeds of the Offering.  


Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or statements that
certain events or conditions "may" or "will" occur. These statements are only
predictions. Forward-looking information is based on the opinions and estimates
of management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. Actual timelines associated may vary from those anticipated in this
news release and such variations may be material. Actual results could differ
materially because of factors discussed in the management discussion and
analysis section of our interim and most recent annual financial statements or
other reports and filings with the TSX Venture Exchange and applicable Canadian
securities regulators. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's estimates or
opinions should change, unless required by law. The reader is cautioned not to
place undue reliance on this forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Intertainment Media Inc.
David Lucatch
CEO
800-395-9943
info@intertainmentmedia.com
www.intertainmentmedia.com

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